NYSE program trading volume, overall activity down

NathalieTadena

Program trading activity dropped on the New York Stock Exchange last week as overall volume also fell, according to the latest data from the NYSE Euronext
NYX, +0.20%
unit.

For the week ended March 9, average daily program trading volume totaled 454.5 million shares, making up roughly 29% of the average daily total volume. A week earlier, program trading totaled 586.3 million shares, about 34% of the average daily volume.

For the latest week, average daily total volume totaled 1.55 billion shares, down from the prior week's 1.74 billion shares.

The most active NYSE member firm for program trading last week was Morgan Stanley (MS), followed by Goldman Sachs Group Inc. (GS).

Program trading encompasses a wide range of portfolio trading strategies involving the purchase or sale of a basket of at least 15 stocks.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.